Lenzing AG

euro adhoc: Lenzing AG
Strategic management decisions
Lenzing transfers majority share of Business Unit Paper

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- Spin-offs 26.02.2008 The Lenzing Group will transfer 60 percent of its shares in Business Unit Paper and the control of the business to a group of investors around core investor Ernst Brunbauer (Gmunden, Austria) with the beginning of March. Lenzing AG will keep the remaining 40 percent. A corresponding declaration of intent has already been signed and a final framework agreement will be signed with the group of investors this week. The new majority shareholder will operate Lenzing Paper at its site, Lenzing (Austria), as an independent business. The decision is a consistent continuation of Lenzing's strategic focus on innovative cellulose fiber products, high-quality synthetic special fibers and thermoplastics. Lenzing expands dynamically in these two segments. The Group is world market leader in cellulose fibers and has acquired four companies in plastics in 2007 alone. Lenzing Paper is the smallest business unit of the Lenzing Group, with an annual production of 80,000 tons of specialty papers (envelope, poster and recycled paper) and a turnover of about EUR 60 mill. The current staff of about 130 will be taken over by the new majority shareholder. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Lenzing AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Lenzing AG Angelika Guldt Corporate Communications Mobile: +43 (0)664 611 22 66 Phone: +43 (0) 7672 701-2713 E-mail: a.guldt@lenzing.com Branche: Chemicals ISIN: AT0000644505 WKN: 852927 Index: WBI Börsen: Börse Berlin / free trade Wiener Börse AG / official dealing

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